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Showing 5551 - 5560 of 17959 results for "Bank"

Eurozone low-flation to 2020

BENJAMIN ONG  |  WEDNESDAY, 20 DEC 2017
Final estimates of Eurozone HICP (harmonised index of consumer prices) inflation added credence to the European Central Bank's (ECB) most recent forward guidance indicating that euro area interest rates will remain on ice until at least the third quarter ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... mortgage offset accounts, according to ASIC. Customer complaints prompted NAB to conduct an internal review, which found the bank failed to link offset accounts to broker originated loans between April 2010 and August 2017, resulting in customers overpaying ...

Aurora traces stolen $1 million to former owner

ALEX BURKE  |  TUESDAY, 19 DEC 2017
... "other third parties." "There was no legitimate purpose for any of the transfers from the Aurora Property Buy-Write Trust bank account. Aurora is not suggesting that third party recipients knew the transfers were fraudulent at the time (other than the ...

BTFG head of platforms to depart

JAMIE WILLIAMSON  |  TUESDAY, 19 DEC 2017
... the best structure to continue to drive the success of our platforms business." Power joined Westpac subsidiary St. George Bank in 2005. In leading the platforms business, she was responsible for the management and strategic direction of the Asgard ...

Big 4, AMP fork out massive compensation bill

KARREN VERGARA  |  MONDAY, 18 DEC 2017
AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ...

First State Super appoints head of digital

JAMIE WILLIAMSON  |  MONDAY, 18 DEC 2017
... services sectors. Prior to Westpac, Racheha also held senior roles with Bupa Australia, MBF, Woolworths and the Commonwealth Bank. First State Super has also recently welcomed Luke Jamieson to lead its service centre. He joins from Cbus, having also ...

US investment giant buys La Trobe Financial

JAMIE WILLIAMSON  |  MONDAY, 18 DEC 2017
Melbourne-based La Trobe Financial, one of the largest non-bank lenders in the country, struck a landmark deal with New York-based private equity giant Blackstone. In a deal announced this morning, Blackstone has taken an 80% stake in the privately-owned ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... the Fed, they see 2017's stronger growth-low inflation dynamics to spill over into 2018. As expected, the European Central Bank (ECB) kept monetary policy settings unchanged. The Eurosystem staff projects annual real GDP growth of 2.4% in 2017, 2.3% ...

CBA hit with fresh AML breaches by AUSTRAC

EMMA RAPAPORT  |  FRIDAY, 15 DEC 2017
... the amended statement of claim and update the market as appropriate. "We will file an amended defence in due course," the bank stated. CBA also re-stated its position that it takes its AML/CTF obligations extremely seriously, and deeply regrets any failure ...

Macquarie sells remaining stake in Atlas Roads for $456m

ALEX BURKE  |  FRIDAY, 15 DEC 2017
... million shares at $5.32 each back in September last year to a "range of institutional investors." At the time, the investment bank said it would provide MQA "ongoing support." Recently, though, MQA announced that following a strategic review of its relationship ...